Britain pledges $2 billion loan guarantee for Jaguar Land Rover

Group 1 - The UK government will provide a £1.5 billion ($2 billion) loan guarantee to support Jaguar Land Rover's supply chain following a cyberattack that led to a production shutdown lasting nearly a month [1][2] - Jaguar Land Rover, owned by Tata Motors, operates three factories producing approximately 1,000 cars per day, which are crucial for local employment in Birmingham and Liverpool [2] - The loan will be privately financed and guaranteed by UK Export Finance, expected to unlock an additional £1.5 billion of support for the carmaker's supply chain [3] Group 2 - The cyberattack is described as an assault on both a prominent British brand and the UK's automotive sector [2] - The business minister emphasized that the loan guarantee aims to protect skilled jobs and support the supply chain [2]